From Nobel laureate Joseph Stiglitz, "Globalization and its Discontents" is the bestselling expose of the all-powerful organizations that control our lives. Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning...As chief economist at the world bank, Nobel Prize-winner Joseph ...Read MoreFrom Nobel laureate Joseph Stiglitz, "Globalization and its Discontents" is the bestselling expose of the all-powerful organizations that control our lives. Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning...As chief economist at the world bank, Nobel Prize-winner Joseph Stiglitz had a unique insider's view into the management of globalization. Now he speaks out against it: how the IMF and WTO preach fair trade yet impose crippling economic policies on deveopling nations; how free market 'shock therapy' made millions in East Asia and Russia worse off than they were before; and how the West has driven the global agenda to further its own financial interests. Globalization can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future. "A massively important political as well as economic document ...we should listen to him urgently". (Will Hutton, "Guardian"). "Stiglitz is a rare breed, an heretical economist who has ruffled the self-satisfied global establishment that once fed him. Globalization and its Discontents declares war on the entire Washington financial and economic establishment". (Ian Fraser, "Sunday Herald"). "Gripping ...this landmark book shows him to be a worthy successor to Keynes". (Robin Blackburn, "Independent"). Joseph Stiglitz is one of the world's best-known economists. He was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisers. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001 and is the author of the bestselling "Making Globalization Work", "The Price of Inequality" and "The Roaring Nineties", all published by Penguin.Read Less
The condition of the book is very good I have not actually read the book because it was for reference. I have read some articles by Stiglitz and he appears to be a good writer. I am sure the book would be good reading.
Publishers Weekly, 2002-05-16 Stiglitz, a Nobel Prize winner and Columbia University economics professor, sees globalization's unrealized potential to eradicate poverty and promote economic growth. In recent years, the International Monetary Fund, the World Bank and the World Trade Organization have promoted world financial stability, prosperity and free trade, yet Stiglitz wonders why so many revile these organizations' programs to the point of rioting in the streets. Casting a dispassionately analytical eye at East Asia's and Russia's financial turmoil, he argues that the IMF imposed austere policies that only exacerbated each area's problems. When he finds a similar policy pattern for other countries in crisis, Stiglitz asks how a public institution can ignore growing evidence of a flawed policy and not take action or be held accountable. In answering his own question, Stiglitz blames the "market fundamentalism" that endorses the view that a "free" market solves all problems flawlessly. As Stiglitz authoritatively indicates, one-size-fits-all economic policies can damage rather than help countries with unique financial, governmental and social institutions. He calls for public institutions to reform and become more transparent and responsive to their constituents. Stiglitz shares inside information from cabinet meetings when he served on Clinton's Council of Economic Advisers and from his years as chief economist at the World Bank, divulging debates in Washington's conference rooms, naming names and raising his eyebrows at those who refuse to question certain IMF policies' repeated shortcomings. This smart, provocative study contributes significantly to the ongoing globalization debate and provides a model of analytical rigor concerning the process of assisting countries facing the challenges of economic development and transformation. (June 10) Forecast: Stiglitz's impassioned, balanced and informed book is a must-read for all interested in understanding globalization. Professors, economists and students should respond to his author tour and national media interviews, making this a strong business seller. Copyright 2002 Cahners Business Information.
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